The value of goods produced in a previous year but sold in the current year is added to the GDP for the current year.

Name: The value of goods produced in a previous year but sold in the current year is added to the GDP for the current year.
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Question

Quizplus · Accepted Answer

The value of goods produced is added to the GDP in the year they are produced, not in the year they are sold. GDP measures the total value of all goods and services produced over a specific time period, regardless of when they are sold.

The Value of Goods Produced in a Previous Year but Sold